They get paid well but they haven't been updating the market as much as they should. It has been over a month since they told us Vali 2 is flowing at 0.2 million cubic feet a day, which is close to nothing.
The gas they are producing may be enough to pay the staff and other expenses. However, the wells decline and at one point the gas won't be enough to pay the expenses. They need a cap raise now if they want to drill more wells or a cap raise later if they defer. Off course, shareholders get nothing except another offer to buy shares cheaper.
They get paid well but they haven't been updating the market as...
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $18.36M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $10.55K | 959.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 4544044 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2568647 | 6 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
1.1¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.1¢ | 109436 | ||
| Last updated 12.12pm 23/05/2024 ? | |||||
| VEN (ASX) Chart |